? EUR/USD, GBP/USD Analysis & Setups 7-8 Sep 2020 ?

3 min read

Hi Traders,

EUR/USD is building a bearish ABC pattern after hitting the main target at 1.20. The GBP/USD is also building a bearish correction but a bullish bounce could emerge soon.

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The EUR/USD could be ready for both a bullish and bearish head and shoulders pattern. A bullish inverted H&S pattern could take place on the 1 hour chart whereas a bearish one might occur on the daily chart.

The GBP/USD remains in a strong uptrend and a mild pullback could in fact be a wave 4 pattern of a larger uptrend.

Check out the video below for the full analysis and trade plans on 7-8 Sep 2020:

  • EUR/USD, GBP/USD technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potential trade ideas both up and down
  • Beginner friendly, explaining concepts in more detail

EUR/USD, GBP/USD video:

Good trading,
Chris Svorcik

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